$AKE Unlock Update
2.1B+ $AKE, worth over $96M, has now been released into circulation.
The tokens were distributed across private investors, insiders and community allocations.
The historical part is what I’m watching.
Previous $AKE unlocks were followed by sharp selling pressure, with price drops of roughly 20%–50% in the days after the releases.
Right now, that fresh supply is sitting in proxy wallets.
It hasn’t fully reached exchange order books yet, but the supply overhang is already there.
Retail is still heavily positioned long and trying to catch the dip.
Meanwhile, insiders and early investors now have a large amount of unlocked supply overhead.
I’m still holding my $AKE short from 0.061.
Now I’m watching the proxy wallets closely.
If these tokens start moving into Gate.io or Binance deposit wallets, that could bring much more selling pressure
2.1B+ $AKE, worth over $96M, has now been released into circulation.
The tokens were distributed across private investors, insiders and community allocations.
The historical part is what I’m watching.
Previous $AKE unlocks were followed by sharp selling pressure, with price drops of roughly 20%–50% in the days after the releases.
Right now, that fresh supply is sitting in proxy wallets.
It hasn’t fully reached exchange order books yet, but the supply overhang is already there.
Retail is still heavily positioned long and trying to catch the dip.
Meanwhile, insiders and early investors now have a large amount of unlocked supply overhead.
I’m still holding my $AKE short from 0.061.
Now I’m watching the proxy wallets closely.
If these tokens start moving into Gate.io or Binance deposit wallets, that could bring much more selling pressure
